In 2026, the State Grid plans to complete pumped storage investment of 31 billion yuan.

On March 24, the official website of State Grid Corporation of China stated that during the 14th Five-Year Plan period, State Grid will accelerate the construction of pumped storage power stations, with a planned new construction capacity of over 30 million kilowatts. By 2030, the installed and under-construction capacity of pumped storage power stations operated by State Grid will exceed 120 million kilowatts, providing over 150 million kilowatts of power regulation capacity, an increase of over 70% compared to the end of the 14th Five-Year Plan period. In 2026, State Grid plans to invest 31 billion yuan in pumped storage projects, focusing on the application of new generation pumped storage technologies such as large-scale variable-speed pumped storage units and wide-load long-term grid-connected pumped storage units to drive the upgrade of the domestic equipment manufacturing industry.